Daeyang Metal Co., the largest shareholder of KH Group...The transition process begins.

KH Group, the largest shareholder of Daeyang Metal Co., has also succeeded in securing management rights.

According to related industries on the 9th, KH Group succeeded in securing the management rights of Daeyang Metal Co., Ltd. after accepting the application for change registration of Daeyang Metal Co., Ltd. to the Daejeon District Court's budget registration office on the 6th. The next day, on the 7th, the registration application received by the management on the same agenda was rejected.

An official from KH Group said, "We have been granted a business registration certificate this morning and have begun the process of taking over the entire company's work," adding, "As soon as we complete the transition process, we will discuss details of the business and proceed with business diversification and restructuring as soon as possible."

He added, "We sincerely thank shareholders for trusting and waiting for KH Group, and we will do our best to normalize management and enhance shareholder value."

[Photo = KH Group]